Executive Compensation at the Texas Children’s Hospital (2024)

The Texas Children’s Hospital (TCH) is a tax-exempt non-profit 501 (c) 3 organization that is one of the nation’s largest and most comprehensive pediatric and women’s health care organizations in the US.  With more than 14,000 employees that work across 40 subspecialties, TCH is he academic partner and the principal teaching site for the Baylor School of Medicine, in Bellaire, Texas.

Key financial information about TCH includes:

• In 2024, TCH reported total revenue of $3.8 billion, most of which came from net patient service revenue ($3.1 billion), medicaid and supplemental reimbursements ($258 million), and pharmacy revenue ($216 million).
• Expenses totaled $3.9 billion (including $165 million in depreciation) with the largest expense reported to be compensation ($1.7 billion), fees for services ($795 million) that are not detailed in Schedule O, “enhanced mission support” ($272 million), pharmaceutical supples ($313 million), office-related expenses ($300 million), and medical and surgical supplies ($208 million).
• TCH has $5.6 billion in net assets.

15,617 employees received $1.7 billion in compensation, which equates to an average of $109,000.

4,070 employees received more than $100,000 in compensation.  The 25 most highly compensated were reported to be:

• $6,256,081:  Mark Wallace, Board Member, Chair, President, and CEO
• $2,605,755:  Weldon W Gage, Board Member, EVP, CFO
• $2,127,117:  Myra L Davis, SVP, Chief Info and Innovation Officer
• $1,975,208:  Linda W Aldred, SVP, Chief HR Officer
• $1,749,193:  Keith C Nelson, EVP Chief Investment Officer
• $1,682,676:  Tabitha L Rice, Board Member, EVP
• $1,657,238:  Daniel R Diprisco, Board Member, EVP
• $1,482,060:  Lance A Lightfoot, Board Secretary (thru 3/8/23), SVP (thru 8/6/24)
• $1,376,831:  Thierry AGM Huisman, Board Member, Physician, In-Chief*
• $1,267,790:  Matthew T Girotto, Board Member, EVP
• $1,013,655:  Jacqueline R Ward, Board Member, SVP, Chief Nursing Officer
• $  928,802:  Stanley W Spinner, VP, Chief Medical Officer, Physician
• $  897,062:  Russell Williams, SVP
• $  873,692:  Craig Mills, SVP
• $  825,800:  Aisha Jamal, Board Secretary, VP
• $  812,433:  Bert Gunmeringer, SVP
• $  508,419:  Michelle M Riley-Brown, Former Board Member and EVP EVP
• $  476,600: Larry Hollier, Board Member, Physician, In-Chief
• $  451,887:  Mark W Mullarkey, Former Board Member and EVP
• $  450,078:  Ivett T Shaw, Former SVP (thru 9/27/22)
• $  406,700:  Jeffrey Shilt, Board Member, Physician, In-Chief
• $  406,100:  Lara Shekerdemian, Board Member, Physician, In-Chief
• $  400,683:  James Versalovic, Board Member,Physician, In-Chief
• $  398,366:  Michael Belfort, Board Member, Physician, In-Chief
• $  361,290:  Dean B Andropoulos, Board Member, Physician, In-Chief

The 25 highly compensated employees received $31 million in compensation.  17 of the 25 (68%) are male while 8 of the 25 (32%) are female.

The most highly compensated employee was Mark Wallace, the President and CEO who received $6.3 million in compensation in 2024; and $43 million from 2018-2024:

Mark Wallace:  Total Compensation 2018-2023:  $37 million

• 2024:  $6,256,081
• 2023: $7,669,992
• 2022:  $8,847,132
• 2021:  $4,866,755
• 2020:  $5,248,650
• 2019:  $7,438,655
• 2018:  $2,959,074

TCH provided a residence for personal use or provided a housing allowance.  Specifically, Russell Williams was provided a housing allowance.

329 independent contractors received more than $100,000 in compensation.  The five (5) most highly compensated were reported to be:

• $98 million:  Baylor College of Medicine, of Houston, TX for physician and faculty services
• $81 million:  McKesson Plasma and Biologics, of Chicago, IL for health solutions
• $52 million:  WS Bellows, of Houston, TX for construction
• $44 million:  McCarthy Building Companies, of Houston, TX for construction
• $39 million:  McKesson Corp, of San Francisco, CA for health solutions

To read the Form 990 (2023 for the year ending Sept 30, 2024), click here.